On Thursday, the toymaker company Hasbro announced that it will be laying off a thousand workers in an effort to cut costs. The competitive holiday consumer environment has made it more challenging for the company to grow its revenue in consumer-products. While Hasbro is known for classic games like Monopoly and Play-Doh, the company plans to focus on gaming and digital brands moving forward.
See "Toymaker company Hasbro to lay off workers and focus on developing digital games", Associated Press, CBS News, January 27, 2023